fox e-mobility AG is structuring a EUR 30m debt fundraising with GFI EU and Tevali Partners

Munich, 28 May 2021. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company that specializes exclusively in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistical applications, has engaged Tevali Partners and GFI EU, on the issuance of a corporate bond private placement of EUR 30m.

fox e-mobility is organizing a corporate bond private placement with an expected total commitment of EUR 80m, starting with a first tranche of EUR 30m. The bond will fund the launch of a brand-new electric car, the MIA 2.0.

"For us this is already the third round of funding and another decisive step to secure the financing of the development for our MIA 2.0 battery electric vehicle. After this first EUR 30m tranche we will have secured more than a third of our total funding requirements. Tevali Partners and GFI EU have been doing an outstanding job so far and we are already looking at the next steps together with them", said Philippe Perret, CEO of fox e-mobility.

The management team of fox e-mobility will be supported during the bond issuance process by two renowned investment firms, Tevali Partners and GFI EU. Tevali Partners is exclusively advising fox e-mobility on the financing and structuring process of this fundraising deal that will allow fox e-mobility to grow in a fast-expanding market. GFI EU will act as exclusive placement agent and arranger of the operation. With a strong network of investors across Europe, GFI EU will assist fox e-mobility in this fundraising process.

GFI EU are specialized to advise and assist small and midcap companies to raise funds by private bond placements. Since 2015, GFI has supported companies in several sectors including sports business, renewable energies, and real estate. GFI provides amongst others competitive institutional brokerage services, all around the world. Active in more than 22 countries, GFI employs approximately 2,000 people and serves more than 2,600 institutional clients, including insurance companies, asset managers, private banks, and private debt funds. GFI EU is a trading name of Aurel BGC SAS, an investment firm regulated by the ACPR and the AMF.

Tevali Partners is a financial advisor exclusively addressing impact investing markets with more than EUR 1.7bn of transactions and c. EUR 1bn of closed deals over the last 18 months. Over the years, Tevali Partners has developed an extensive knowledge of energy production, energy efficiency, eco-mobility and waste management markets allowing them to offer customized solutions of financial advisory over the whole value chain.

About fox e-mobility AG
fox e-mobility AG is a European electric vehicle company that specializes in the production, marketing and further development of compact electric cars in the lower price segment for both, individual passenger transport as well as logistical applications. The new MIA 2.0 model series is to be manufactured in Europe in cooperation with well-known suppliers to the electrical and automotive industries. The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility.

For more information, please visit http://www.fox-em.com.

Press contacts
Dr. Walter Glogauer
fox e-mobility AG
Phone +49 171 6145494
Email w.glogauer@glogauer.de

Jan Hutterer
Kirchhoff Consult AG
Phone +49 40 60 91 86 65
Email fox@kirchhoff.de

Contact
ir@fox-em.com

Contact Tevali Partners
Michael Tobelem - Founding Partner
Phone +33 6 98 30 52 52
Email mtobelem@tevalipartners.com

Contact GFI EU
Jonathan Dreymann - Private Placement Department
Phone +33 1 76 70 35 22
Email jonathan.dreymann@gfigroup.co.uk